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I've never paid any attention to 2-day patterns but I'm curious what yesterdays action in March Corn means to someone who does pay attention to them. Yesterday was an outside day with the open and close inside the range of the prior day. It was up from the open to the close. Continuation or reversal?
Can you help answer these questions from other members on NexusFi?
I took his comment to mean it was an outside day, ALONG with the open and close inside the range of the prior day. It was up from the open to the close.
Which is 100% true.
My Corn model, FWIW is currently long. But the past 1.5 months has just been in a range...
Yes that is what I meant. You could look at the chart and tell what I'm talking about. I guess nobody here looks at outside days either....
I know guys used to say that an outside day with the close outside the previous day's trading range in the opposite direction of the trend was a "key reversal". They didn't work out often.
I just thought there may be some TA juju about an outside day with the open and close that are inside the previous day's trading range.
